Ask Question
14 November, 17:22

The financial system of a country is important for long-run economic growth because:

A. most firms rely on their own retained earnings and do not use the financial system.

B. firms that use the financial system predominantly are being reckless.

C. firms need the financial system to acquire funds from households.

D. people can increase their wealth very quickly under a healthy financial system.

+2
Answers (1)
  1. 14 November, 17:26
    0
    B. firms need the financial system to acquire funds from households

    Explanation:

    A financial system allows businesses to borrow funds to finance purchases of capital equipment, to train workers and to adopt new technologies.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The financial system of a country is important for long-run economic growth because: A. most firms rely on their own retained earnings and ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers